- Escape Velocity Accelerator (EVA),a new business tool developed by Indians, aims to act as a springboard to start-up companies in the bioeconomics space which integrates IT, BT and mobility platforms by promoting innovation and resolving operational, strategic and organisational challenges.
- It helps launch into higher orbits via rapid-acceleration on the business, technology and funding fronts those companies that have developed early stage proof-of-concept.
- The focus is largely on mentoring as its network of mentors offer technology, funding and market-access relationships.
- Business teams work out of fully-functional offices in various parts of the world including India (Bangalore).
- With a high investment on time (12-18 months), it will deal with 10 companies a year on a revolving basis, and take equity in the start-up in exchange for the services.
- It will also make true returns when the companies exit it successfully and get into series.
- Read at:http://www.thehindu.com/todays-paper/tp-business/new-tool-to-help-startups-in-bioeconomy-space/article6226880.ece